Understanding Incoterms - June '19

As import and exports increase and the volume of products moved between different countries is looking to grow further into the future, more clarity on protection for both parties in a transaction is becoming more important.

One of the best ways of doing this is by using INCOTERMS® (International Commercial terms) rules, published by the International Chamber of Commerce (ICC) and updated in 2010. INCOTERMS® rules define the responsibilities of the buyer and seller with respect to the packing, transportation and insurance of goods as they are transferred from the seller to the buyer. INCOTERMS® rules can be invaluable for shifting costs and liability associated with exporting, importing and shipping and for avoiding disputes down the road but only if companies understand how to use them properly. INCOTERMS® help exporters and importers avoid misunderstandings by clearly defining each other's responsibilities in the delivery of goods.

Key Learning objectives and outcomes of the course:

What are Incoterms?

What are the benefits of using Incoterms for both buyer and seller?

Explanation of the risk and responsibility for buyer and seller.

The obligations for both buyer and seller.

Explanation of each term outlining the pros and cons of each.

The commercial implications of using Incoterms.

The correct application for the correct mode of transport.

Issues that can be avoided by understanding how to use the terms.

Refreshments and training notes will be provided.

This course is accredited by the British Chambers of Commerce and delegates will receive one credit towards the Foundation Award in International Trade. You will need to achieve 6 credits to be awarded with the Export Foundation Award, a nationally recognised qualification.

Who is this suitable for?

This course is suitable for all levels and all departments involved with the sales, financing and shipping of products.

Jeff Lewis has worked at all levels of business across a wide range of industries within the UK and International Sales arena. In 2009, Jeff became Managing Director of Resultz Ltd., who are Approved International Trainers and Advisors to the Institute of Export, Chambers of Commerce, plus other independent training organisations delivering public and in-house courses on all aspects of international trade.

Cancellation Terms and Conditions

In case you are no longer able to attend this event, please note you must cancel your place at least 5 working daysbefore the course. The cancellation must be in writing and sent to exportbritain@gmchamber.co.uk indicating the event you are cancelling from and delegate(s) details.

If a booking is not cancelled and the delegate does not attend, full event costs will still apply.

GM Chamber reserves the right to change the programme, presenter, venue and alter or cancel published dates without liability.

Please note:There may be photographs taken at our events that will be used for marketing purposes and on our social media channels. If you do not wish to appear in any of our marketing materials or on our social media channels, please inform a member of the Chamber team at the start of the event.